Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The tokenized U.S. Treasury market’s volume may reach $3 billion by the conclusion of 2024, driven by the initiatives of major traditional finance (TradFi) firms. Analysts project that the global worth of the tokenized real-world asset (RWA) market could fall between $4 trillion and $16 trillion by 2030.
Tom Wan, an analyst at 21.co, the parent organization of 21Shares, presented data indicating that the market for tokenized U.S. Treasuries might achieve $3 billion by the end of this year.
Wan attributes the growth drivers to the increasing adoption of tokenized U.S. Treasuries and stablecoins for asset diversification by decentralized autonomous organizations (DAOs). The analyst also mentioned that due to the offerings from TradFi leaders, the market capitalization of tokenized securities could potentially double by the year’s end.
In late March 2024, the market volume of tokenized U.S. Treasuries surpassed $1 billion for the first time.
Related Posts
As reported by Dune, on May 17, 2024, the capitalization of the tokenized U.S. Treasury market stood at $1.6 billion. The largest fund is the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which represents over 29% of the market. Within a span of six weeks, BUIDL managed to surpass Franklin Templeton’s BENJI fund, which had previously dominated the sector. BUIDL boasts a capitalization exceeding $528 million, while BENJI’s capitalization is just above $400 million.
Tom Wan highlighted that BUIDL’s rising popularity stems from Securitize and BlackRock’s approach to diversifying investment portfolios through risk-free U.S. Treasury yields, allowing investors to remain within the blockchain ecosystem.
Leading consulting firms regard the potential for financial asset tokenization very highly. A report from the Global Financial Markets Association (GFMA) and Boston Consulting Group indicates that the global value of tokenized illiquid assets could reach $16 trillion by 2030. Analysts at Citigroup anticipate that the market for tokenized assets will expand to $4–5 trillion over the next six years.
In May 2024, the capitalization of the market for tokenized real-world assets (RWA) reached $8.86 billion, establishing the sector as the most rapidly growing within the crypto market.
Сообщение Tokenized U.S. Treasury Market Could Reach $3 Billion in 2024 появились сначала на CoinsPaid Media.
